August 27, 2010 3:36 PM
Analysts say that the decline in new home sales is starting to hurt moving businesses, which normally would be starting to hit their peak season at this time of the year. In July of this year, new home sales fell to their lowest level since the government began tracking home sales in 1963. According to the American Moving and Storage Association industry fact sheet, almost 50 percent of residential moves occur when families upgrade their homes (looking for more space) or buy their first home. Now that home sales are down, Americans are moving less, and some moving companies are suffering. [More]
July 23, 2010 9:16 PM
The American Moving and Storage Association reported today that Americans were shipping 4.2 percent more household goods during the first five months of this year than during the same period in 2009. (AMSA is a storage and moving trade association, and puts consumers in touch with professional movers through its Mover Referral Service.) When AMSA looked only at items shipped by consumers, the shipments were up by 11.2 percent. During 2008 and 2009, shipping dropped dramatically, by 21.5 percent in 2009 and 18.2 percent in 2008.
The statistics suggest that more Americans are moving from one home to another again, which means that the housing market may start to pick up. Relocation tends to stimulate consumer spending in general, because people who are moving spend more money on take-out food, renovations, and household items for the new home. [More]